...editorial Dow goes on to give a useful definition from which legitimate inferences may drawn. He says: "It is a bull period as long as the average of one...only be an unusually pronounced secondary movement." This passage contains, by implication, both the idea of "double tops" and "double bottoms" (which I...

...one high point in the averages exceeds that of previous high points; and prices will move downward when the low point becomes lower than the previous low points. It is an essential part of the Dow theory that the two averages must corroborate each other. The movement...

...editorial Dow goes on to give a useful definition from which legitimate inferences may drawn. He says : "It is a bull period as long as the average of one...only be an unusually pronounced secondary movement." This passage contains, by implication, both the idea of "double tops" and "double bottoms" (which I...

...editorial Dow goes on to give a useful definition from which legitimate inferences may drawn. He says: It is a bull period as long as the average of one...only be an unusually pronounced secondary movement. This passage contains, by implication, both the idea of "double tops" and "double bottoms" (which I...

...speculators' opportunities, but if the main move is down, rallies furnish these opportunities. * Dow** Theory. Losses should not generally be taken on the...because the movement of prices is that which would oeear if the main tendency had changed. Yet, it may only be an unusually pronounced secondary movement....

...from which legitimate inferences may drawn. He says : "It is a bull period as long as the average ol one high point exceeds that of previous high points....only be an unusually pronounced secondary movement." This passage contains, by implication, both the idea of "double tops" and "double bottoms" (which I...